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What’s Up With Housing?

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Survey: A top reason 1 out of 3 millennials buy a first home is to provide a yard for their dog. As a motivator, it outranked marriage and raising children.
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ROI of Sustainability is More Complex Than You Think.
The value of energy efficiency and sustainability can prove to be greater, more lucrative or more complex than it appears on the surface.
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In the second quarter of 2017, the Florida housing market had more closed sales, higher median prices and more pending sales, according to Florida Realtors.
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Florida Leads Nation in Foreign Residents Buying and Selling.
Foreign investors want to buy in Florida, but they also want to sell Fla. property when the income potential is right – and many Canadians think that time is now.
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It might not be “Plan A,” but some Millennials that return home after college are turning it into a positive stay by saving enough cash to buy homes.


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What’s Up With Housing?

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Check out the slideshow for which ZIP codes saw the most homes sell, as well as the average and sale prices for each ZIP code.
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The short answer: No, according to a JPMorgan study. Sharp housing price corrections are rare, they say, even after a large run-up in home prices.
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Tesla Installs First Solar Roofs
The roofs were first announced last October, with online orders beginning in May. The carmaker’s new solar roof tiles are made to resemble regular roofing.
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Homeownership Rate Rebounds from 50-Year Low
Good news for Real Estate… The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing.
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Florida Consumer Confidence Rises 1.5 Points in July
Consumer sentiment among Floridians hit its second-highest level since 2002. Of the five components that make up the index, three increased and two decreased.

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http://www.TitleSecurityFL.com

 


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What’s Up With Housing This Week?

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34th Street CorridorDevelopers Say St Pete’s 34th Street Corridor is Brimming with Economic Potential.
In the past, this thoroughfare has long been known as a busy yet unappealing stretch of commercial roadway.

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Rising Home Prices2 Out of 3 Buyers Believe Home Prices Will Rise
A Gallup poll finds that 61% of U.S. adults expect home prices to continue rising over the next six months – a new high for the annual survey.
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Housing Bubble? No!3 Reasons the Housing Market is NOT in a Bubble…
Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.
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Tesla's Solar Roof TilesTesla’s Solar Roof Tile Systems Hit the Market
The company is taking $1,000 deposits on the virtually “invisible” systems, which it will begin installing next month.The company offers an “infinity” warranty on its tiles that integrate solar power into roof coverings. Tesla has published a web tool that can estimate costs and savings.

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First-Time HomebuyersTampa Bay is Nation’s Second Best Metro for First-Time Homebuyers.
For first- time homebuyers, you can’t beat the Orlando and Tampa Bay areas. Despite steadily rising prices, both are relatively affordable compared to the West Coast and Northeast at a time when nearly half of all buyers are first-timers.
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http://www.TitleSecurityFL.com


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What’s Up With Housing This Week?

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Flood InsuranceNeed Flood Insurance? It Expires in 6 Months.
On Sept. 30, the national flood insurance program officially ends, which could create a dilemma for homeowners and buyers. The National Association of REALTORS® is working with federal regulators to extend and improve the program, but challenges lie ahead.

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Labor ShortageTampa Bay contractors expect uptick in projects but scarce labor…
81% of contractors in Hillsborough and Pinellas counties anticipate an uptick in sales over the next six months, but just under 23 percent are confident they can find labor to complete projects.
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Florida Consumer ConfidenceConsumer Confidence Among Floridians Rises to 15-year High.
Florida Consumers last month were the most confident that they have been since 2002, long before the onset of the Great Recession triggered a prolonged slump.
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Mortgage Rates FallThe Average 30-year Mortgage Rate Falls to 4.10%.
Long-term U.S. mortgage rates fell for a 3rd straight week and are approaching low points for the year. Most experts predict rates will remain steady.

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Homebuyers and SustainabilityBuyer Interest in Sustainability is Rising.
More than half of Realtors find that consumers have interest in real estate sustainability issues and practices. As this interest grows, Realtors understand the necessity of promoting sustainability in their real estate practice, such as marketing energy efficiency in property listings to home buyers.

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http://www.TitleSecurityFL.com


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What’s Up With Housing?

 

Happy New Year

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Interior Design Trends10 Interior Design Trends That Are So Completely Over for 2017
Realtor.com reflected upon the year’s most-favored interior design trends and took a hard look at what should stay and what should go with the final days of 2016.
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Single Women HomebuyersMore Single Women are Buying Homes.
And that trend is expected to continue. Meanwhile, fewer single men are, despite earning a higher average annual income.

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2017 Housing Outlook2017 Outlooks for Housing and Remodeling
Young adults’ ‘wait-and-then-hurry-up” stage of household formation, family formation, and housing preference behavior is revving up.
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Passive Affordable HousingHow Affordable Housing is Driving Passive House Design…
Thanks to a movement that originated in Pennsylvania, many states are now offering tax credits and incentives to encourage the construction of buildings that are in compliance with the Passive House performance standard.

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http://www.TitleSecurityFL.com

 


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Interesting Housing News From This Past Week

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Developer TaxesHow Real Estate Developers Pay Less Tax
Donald Trump’s taxes, or lack thereof, spotlight how real estate developers legally avoid taxes that companies in other businesses would ordinarily have to pay. These tax laws keep real estate business in play, which means they can continue employing workers and hiring contractors and investing in new projects.

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Solar Panels in FloridaFlorida is the Sunshine State. Why Is It So Hard to Get Solar There?
To make solar panels affordable, many rooftop solar users sell excess electricity back onto the grid. But Florida doesn’t allow that yet.
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Housing InventoryHousing isn’t running out of steam despite low inventory.
Between household balance sheets being healthy and the labor market continuing to make progress, Goldman Sachs says it believes the “fundamentals of the housing recovery remain solid.”
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CFPB LogoCourt: Consumer Watchdog Structure Ruled Unconstitutional.
A federal appeals court ruled CFPB’s structure – the U.S. consumer bureau with oversight over RESPA rules and most financial companies – is unconstitutional because it gives too much power to a single agency director.
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Future City DevelopmentSix Things You Should Know About Future City Development.
The past decade and a half has been marked by the “back to city movement,” and young people are leaving suburbs in droves.
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http://www.TitleSecutiryFL.com

 


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Interesting Housing News

Happy Fathers Day

 

GentrificationWhich Came First, Gentrification or Rent Surges?
Renters who move further from the city’s core in search of affordability but stay within the city are driving up prices, i.e. gentrification.
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Banking Institutional DistrustFaulty Mortgage Practices Continue to Cause Institutional Distrust…
It’s not just foreclosures and lost property values, but also a lack of trust in institutions left after the housing crisis.
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Energy Efficient HomesConsumers in the market for a new home prioritize energy-efficient features over luxury items.
Home buyers say they would rather have Energy Star appliances than a pool or home theater.
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Housing EconomistsHousing economists: Expect a mixed picture over the coming year, with slower price growth.
It’s murky: Some signs point to a strong real estate boom, said experts at a recent convention of real estate editors. But other signs suggest potential problems.
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Rate Hike & Job MarketYellen: ‘We’ll Be Watching Job Market Carefully’ …Weaker-than-anticipated.
May job growth provided “an opening to withhold a rate hike this month and delay action.

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http://www.TitleSecurityFL.com